OFI Invest Asset Management Buys 1,931 Shares of XPO, Inc. (NYSE:XPO)

OFI Invest Asset Management grew its stake in shares of XPO, Inc. (NYSE:XPO) by 1,950.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,030 shares of the transportation company’s stock after purchasing an additional 1,931 shares during the period. OFI Invest Asset Management’s holdings in XPO were worth $201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of XPO. Mather Group LLC. purchased a new position in shares of XPO during the 1st quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in XPO in the first quarter worth $31,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. ORG Partners LLC purchased a new position in XPO during the first quarter valued at $36,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of XPO during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Raymond James lowered their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Stifel Nicolaus boosted their price target on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Stephens reaffirmed an “overweight” rating and set a $150.00 price objective on shares of XPO in a research report on Friday, June 7th. Susquehanna dropped their target price on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Finally, Bank of America reduced their price target on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus price target of $125.17.

XPO Stock Performance

Shares of XPO traded down $2.03 during trading hours on Friday, hitting $121.12. The stock had a trading volume of 1,238,634 shares, compared to its average volume of 1,807,384. The firm has a market capitalization of $14.10 billion, a PE ratio of 59.37, a PEG ratio of 1.81 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51. The stock has a fifty day moving average price of $109.25 and a 200 day moving average price of $113.59.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the company posted $0.71 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the transaction, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.